Food supply and integrity services : PwC Browse by industry Browse by service Monthly highlights Spotlight The CEO agenda CEO insights blog Careers About PwC Technology careers Employer of choice Our history PwC Professional Employability Aspire to lead PwC s series on leadership and gender equality Country job search Explore careers with Strategy Press room Facts and figures Press contacts Analyst relations Global International PwC Sites Commonly visited PwC sites Global Australia Brazil Canada China Hong Kong France Germany India Italy Japan Mexico Middle East Netherlands Russia Singapore South Africa South Korea Spain Sweden Switzerland United Kingdom United States Complete list of PwC territory sites Building trust in your food Giving customers confidence in your food Find out how we can improve trust in your food Read more Ten trends changing the food industry Change is accelerating Stay on top of your supply chain challenges Fight food fraud Food fraud vulnerability assessment From farm to fork can you track your food Winning your customers trust Where to start today Taking action Building trust in food is a difficult and complex problem but also a great opportunity for companies and governments that get it right Getting it right means selling safe quality food people can trust With our food supply and integrity services we ll tackle all your supply chain concerns from farm to fork to help prevent costly crises and improve trust in your food What could be more important Get in touch to find out more Making a difference When beef goes horse A lesson in managing supplier risk This is the story of the scandal that saw horsemeat passed off as beef mince and how we helped our client an international FMCG company Read more case studies How can we help From farm to fork we ve got your supply chain covered Our food supply

How we can help : PwC sites How we can help Food crises are increasing Companies are losing money and customers are losing faith But this doesn t have to be your reality with our food supply and integrity services We can tackle all your supply chain challenges to improve trust in your food People want to know more about what they re eating We re helping companies and governments do just that This is exactly in PwC s sweet spot For us this isn t just about preventing risks but helping food companies meet a higher bar and compete on quality We ll save you money build your reputation and make you more successful We ll help you not only understand what s required but to develop strategies to address what s possible This includes addressing supplier risks traceability regulatory change food fraud resource scarcity and helping you out of a crisis We ll support you on issues like the changing consumer digital innovation culture risk management and more This is what we can offer That is food trust delivered by a global team offering a breadth of expertise not usually combined to address the need for a fully integrated end to end service that tackles all your concerns Our services across the food trust value chain Building trust A focus on food safety culture ethics and compliance to give people greater confidence in your food Growth strategy A suite of strategic growth planning deal consulting and due diligence services to assist companies position and execute their growth plans Food fraud and quality systems We ll help you understand your susceptibility to fraud and act to identify assess and improve your supply chain resilience Digital solutions and traceability We ll assist you to develop and implement traceability tools and frameworks to increase your resilience and

Research and insights : PwC people want to know more about what they re eating and feeding to their families These consumer pressures along with core health and safety concerns demand a proactive response from all those involved across the food industry from farm to fork Read how we re helping the world s leading food companies and governments improve their processes to enhance standards reduce risk and differentiate themselves from competitors Find out how we can work with you From farm to fork can you track your food Food crises are increasing Companies are losing money and customers are losing faith In this publication we discuss how the food industry can step up to the challenge of greater traceability and transparency Food trust From compliance to competitive advantage Recent food safety failures have spiked consumer concerns and prompted an escalation of regulations The US Food Safety Modernisation Act is a sweeping piece of legislation that will affect companies worldwide This article discusses the issues and impacts on the industry and suggests actions companies can take to protect their brands Food trust snapshot Tackling food fraud The challenges involved in combatting fraud are complicated by the many opportunities for food adulteration and the complexities of today s global and multi tiered supply chains Learn how companies are responding Food trust snapshot Enhancing recall processes This paper discusses the challenges companies often face when faced with product recalls and provides strategies that help minimize those barriers while addressing the recall quickly and efficiently Food trust snapshot Supplier risk management Today s supply chains are complex and global with many companies experiencing regular disruptions and increasing regulation Read more about understanding the key risks of your supply chain and the impact of their failure on your organization s performance and what steps your organization can begin to

/content/pwc/gx/en/food-supply-integrity-services/publications/changing-trends harder to maintain Our view is we need to prepare for more of the same food concerns Staying on top of supply chain challenges means adapting faster and innovating sooner to the changes facing business and society Here are the ten biggest trends we re seeing in the food industry Globalisation of food supply chains More food is being traded across borders than ever before Businesses are hungry for growth and are looking to grow revenue in foreign markets Faced with razor thin margins companies are sourcing from low cost suppliers around the world Globalisation is increasing food safety and quality risks and is making traceability and control over supply chains more challenging Integration of supply chains As global food trade becomes subject to more regulations food companies are spending millions on the integration of their supply chains to improve safety and traceability At the same time governments are issuing policy and strategic announcements to encourage the integration of supply chains to assist in making improvements Scandals and increasing scrutiny High profile food safety and fraud scandals are triggering public health concerns and damaging consumer trust in the industry and governments around the world With the ubiquity of social media and increasing public interest a single lapse in quality control can quickly become a brand damaging global scandal Rising regulatory standards Governments such as China and the US are adopting more stringent food safety regulations in terms of quality standards supervision and sanctions This creates unprecedented compliance risk and additional costs for companies with operations suppliers or customers in multiple jurisdictions Shift in global economic power The growth of maturing economies is creating huge consumer markets where none existed before Consumption power is shifting to wealthier and newly urbanised middle classes across Asia Tastes are changing and the demand for food choice and quality is increasing More economies are moving up the value chain and becoming core consumer markets no longer core producers of cheap labour Technological and scientific breakthroughs Scientific advances are increasing our ability to detect hazards and identify risks New technologies such as on farm GPS mapping and DNA labelling are now commercially viable Along with data analytics these technologies can enable tighter controls along the entire length of the supply chain that will improve quality and efficiency Track and trace technologies are optimising the warehousing and ordering process and providing regulators and consumers with critical information Traceability is giving transparency into the origins and ingredients of food from farm to fork and enabling companies to execute fast targeted recalls Changing food demand Economic development and population growth are driving increases in overall food consumption while a growing middle class is demanding better quality and more variety Greater purchasing power has resulted in a significant increase in consumption of resource intensive protein products with significant implications for the environment and agriculture Demand for certain standards such as organic or halal is growing strongly Empowered consumers The internet gives consumers access to vast amounts of information about food

Case studies : PwC events and discussions Strategy Research insights View featured Browse by issue Browse by industry Browse by service Monthly highlights Spotlight The CEO agenda CEO insights blog Careers About PwC Technology careers Employer of choice Our history PwC Professional Employability Aspire to lead PwC s series on leadership and gender equality Country job search Explore careers with Strategy Press room Facts and figures Press contacts Analyst relations Global International PwC Sites Commonly visited PwC sites Global Australia Brazil Canada China Hong Kong France Germany India Italy Japan Mexico Middle East Netherlands Russia Singapore South Africa South Korea Spain Sweden Switzerland United Kingdom United States Complete list of PwC territory sites Case studies How we ve helped our clients When beef goes horse A lesson in managing supplier risk Learn how we helped this international FMCG company understand the key economic social and environmental risks facing its food and commodity supply chains Building food trust in Chinese dairy farms We re working with one of China s largest food companies to review dairy operations on Chinese farms and compare these with leading practices across the world and in New Zealand Read about how we build food trust in Chinese dairy farms Food

Predictions for 2016: G7 on steadier footing than the E7: PwC The US will continue to create an average of around 200 000 jobs per month helping to sustain consumer spending growth But the US won t have an easy run to the title of the fastest growing G7 economy The UK will be its main rival as we expect it to grow within the range of 2 2 5 see our separate predictions for the UK economy here US and UK interest rates to rise in 2016 In December last year the Fed led the way with its first rate increase since 2006 We expect it to continue to raise rates albeit gradually in 2016 Bar any major global accidents we expect the Bank of England to follow suit at some point during 2016 However a gradual tightening of monetary policy in the US could have wide global repercussions For example businesses and households with exposure to dollar denominated debt will come under pressure as dearer funding costs will impact their finances Economies such as Chile Turkey and Russia could be particularly impacted due to their relatively high levels of US dollar debt which stand at 37 25 and 24 of GDP respectively In contrast with the US and the UK we expect the European Central Bank the Bank of Japan and the People s Bank of China to maintain an accommodative monetary policy stance in 2016 The end of the Eurozone crisis The peripheral economies will grow faster than the core economies for the second year in a row see Figure 2 The Greek crisis could flare up again but this should not lead to contagion to the rest of the bloc which is why we think this year should mark the end of the wider Eurozone financial crisis With most imbalances in peripheral economies under control and structural reforms underway such as Spanish legislation on promoting corporate financing we think that Eurozone GDP will expand by around 1 6 in 2016 its fastest growth rate since 2011 This pick up in growth will be accompanied by businesses hiring more workers As such we expect the total number of unemployed people in the Eurozone to drop below 17 million during 2016 its lowest level since 2011 Close India will be the star performer amongst the E7 For the second year in a row we expect India to grow faster than China expanding by around 7 7 in real terms India will continue to reap the benefits of recent reforms The cut in the policy rate by the Central Bank of India from 8 to 6 75 last year will help to support consumption and investment growth this year Foreign direct investment in India s underdeveloped manufacturing sector should also pick up as foreign investment caps have mostly been lifted Chinese GDP growth will ease to 6 5 China s economic slowdown looks set to continue with rebalancing now underway Growth in manufacturing and exports will continue to slow gradually However Chinese business leaders will continue to move into higher

Predictions for the Nigerian economy in 2016 from Dr. Andrew Nevin, Chief Economist, PwC Nigeria: PwC agenda CEO insights blog Careers About PwC Technology careers Employer of choice Our history PwC Professional Employability Aspire to lead PwC s series on leadership and gender equality Country job search Explore careers with Strategy Press room Facts and figures Press contacts Analyst relations Global International PwC Sites Commonly visited PwC sites Global Australia Brazil Canada China Hong Kong France Germany India Italy Japan Mexico Middle East Netherlands Russia Singapore South Africa South Korea Spain Sweden Switzerland United Kingdom United States Complete list of PwC territory sites Predictions for the Nigerian economy in 2016 from Dr Andrew Nevin Chief Economist PwC Nigeria Download Predictions for 2016 G7 on steadier footing than the E7 Growth will rebound after a disappointing 2015 to almost 5 in 2016 as tight fuel supplies and power outages abate and a more accommodative monetary and fiscal stance takes hold A crackdown on corruption should also help to increase FDI inflows supported by improved security and better governance Nonetheless growth headwinds will persist as low oil prices present fiscal and current account challenges However with support from a newly appointed Finance Minister and improved tax collection non oil revenues could see significant increases keeping Nigeria s Federal Government deficit to around 2 5 of GDP Greater stability will enable Lagos to consolidate its position as a leading SSA economic centre and we project its economy to outperform in 2016 and grow impressively over the longer term Pressures from the FX market will tell in 2016 and we expect the Official Naira rate to be devalued to 225N US giving the CBN some room to ease FX market restrictions Today s issues The economy Global Economy Watch Predictions for 2016 Projections Archive Video archive Contacts Richard Boxshall Senior Economist Tel 44 0 20 731 32079 Email Barret Kupelian